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BEIJING, October 26, 2021 – AGM Group Holdings Inc. (“AGMH” or the “Firm”) (NASDAQ: AGMH), an built-in expertise firm specializing in offering fintech software program companies and producing high-performance {hardware} and computing tools, at the moment introduced it has entered right into a strategic partnership with Meten Holding Group Ltd. (“Meten”) (NASDAQ: METX).

The partnership will primarily deal with analysis and growth assist for blockchain purposes, and establishing a provide chain for cryptocurrency mining enterprise.  The settlement contains an preliminary order from Meten for 1,500 Bitcoin mining machines price US$ 12 million.  Meten additionally has an choice to buy extra machines.

AGMH by its strategic partnership with HighSharp (Shenzhen Gaorui) Digital Know-how Co., Ltd (“HighSharp”) has constructed a cutting-edge R&D functionality with engineers who’re specialists in blockchain and associated applied sciences, which can be the most important purpose why Meten selected to associate with AGMH.

Mr. Chenjun Li, Co-Chief Govt Officer of AGMH, commented, “We’re delighted to associate with Meten to additional develop a blockchain ecosystem that integrates expertise, merchandise, gross sales, and repair.  Constructing on our lately announced AGMH-HighSharp partnership, we see rising demand for our high-performance mining {hardware} and associated computing tools.  These partnerships additional validate our place within the cryptocurrency mining world.  Trying forward, we’re optimistic in our capability to assist mining shoppers to enhance their computing energy, enabling their success within the quickly rising cryptocurrency trade whereas producing worth for our shareholders.”

Mr. Jason Zhao, Co-Founder and Govt Director of Meten, mentioned: “We’re thrilled to be working with AGMH.  With respective strengths, we consider our partnership will additional unlock the complete potential of the blockchain and cryptocurrency enterprise, placing each of us on one of the best path to success.”

About AGM Group Holdings Inc.

Integrated in April 2015 and headquartered in Beijing, China, AGM Group Holdings Inc. (NASDAQ: AGMH) is an built-in expertise firm specializing in offering fintech software program companies and producing high-performance {hardware} and computing tools. AGMH’s mission is to grow to be one of many key members and contributors within the world fintech and blockchain ecosystem. For extra info, please go to www.agmprime.com.

About Meten Holding Group Inc.

Meten Holding Group Ltd., previously often called Meten EdtechX Schooling Group Ltd., is among the main omnichannel English language coaching (“ELT”) service suppliers in China, delivering English language and abilities coaching for Chinese language college students and professionals. Along with strengthening its place within the ELT service trade in China, Meten actively explores the blockchain and cryptocurrency mining enterprise outdoors China, with a long-term aim of making worth throughout the cryptocurrency trade. Meten expects to have interaction in companies associated to blockchain and metaverse in North America and different international locations and areas world wide (not together with China), together with cryptocurrency mining, mining farm development, and mining pool and knowledge middle operation. The Firm is dedicated to strengthening its aggressive place within the trade and to being a number one technology-driven blockchain and metaverse firm.

For extra info, please go to: https://investor.metenedu-edtechx.com.

Ahead-Trying Statements

This information launch accommodates “forward-looking statements” throughout the that means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Alternate Act of 1934, as amended, and as outlined within the U.S. Personal Securities Litigation Reform Act of 1995. These forward-looking statements will be recognized by terminology akin to “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and comparable statements. All statements apart from statements of historic truth on this press launch are forward-looking statements and contain sure dangers and uncertainties that would trigger precise outcomes to vary materially from these within the forward-looking statements. These forward-looking statements are primarily based on administration’s present expectations, assumptions, estimates and projections in regards to the Firm and the trade during which the Firm operates, however contain quite a lot of unknown dangers and uncertainties, Additional info relating to these and different dangers is included within the Firm’s filings with the U.S. Securities and Alternate Fee. The Firm undertakes no obligation to replace forward-looking statements to mirror subsequent occurring occasions or circumstances, or modifications in its expectations, besides as could also be required by legislation. Though the Firm believes that the expectations expressed in these forward-looking statements are affordable, it can’t guarantee you that such expectations will transform right, and precise outcomes might differ materially from the anticipated outcomes. You might be urged to contemplate these elements rigorously in evaluating the forward-looking statements contained herein and are cautioned to not place undue reliance on such forward-looking statements, that are certified of their entirety by these cautionary statements.